Recommendations for governments to strengthen business accountability
November 25, 2019 /3BL Media/ - Governments need to do more to help businesses understand, mitigate and improve their human rights impacts – by strengthening transparency and reporting requirements.
This is the key finding of a report from GRI looking at the progress countries have made towards meeting their duty under the UN Guiding Principles on Business and Human Rights, by analyzing the 23 National Action Plans (NAPs) produced by governments so far.
Corporate sustainability has come a long way in the last couple of decades. Given the current climate and citizen mobilizations, any and all advances in this area deserve to be applauded.
But let’s talk about sustainability reporting for a moment. Because, quite frankly, we’re still seeing way too much fluff. And that’s worrisome. Stakeholders – whether citizens, consumers, investors, government regulators – you name it, now expect much more from corporate sustainability than simply a green beauty contest. It’s your job to deliver the goods.
There’s increasing pressure on companies to provide verifiable evidence of positive impact and, where possible, quantifiable success. Companies are tasked with identifying meaningful data points, educating the business on the need to demonstrate trusted impact metrics and benchmark social and environmental impacts against peers.
At the recent Responsible Business Summit Europe, Ethical Corporation hosted two in-depth sessions that looked to provide actionable ideas covering these topics:
For sustainability initiatives in food retail, do the largest hurdles lie in the supply chain, or within the walls of corporate headquarters? As sustainability becomes a bigger priority for food producers and retailers, more and more companies are forming sustainability teams to push toward a new food economy through supply chain transformation.
Three industry experts in the apparel industry took part in a webinar hosted by the Sourcing Journal on the topic of transparency.
The importance of transparency has continued to gain traction in the apparel and fashion industry in recent years, and for good reasons. Clothing shapes more than just our wardrobes, it shapes the environmental, economic and social landscapes of the countries where they are produced.